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Duplex Buildings with Covered Patio
New
For Sale
$375,000

709 Royal Street, Salado, TX 76571

MULTI_FAMILY - Other - Salado, TX

Property Size2,176 SF
Lot Size0.24 Acres
Price / SF$172.33
Days on Market2

Property Features for 709 Royal Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Interior features CeilingFans, MultipleClosets, Vanity
Exterior features RainGutters
Fireplace 1
Appliances Dishwasher, ElectricRange, Microwave, SomeElectricAppliances, Range
Subdivision Howerton Add
Lot features City Lot, Level, Mature Trees, Less Than Quarter Acre
Elementary school Thomas Arnold Elementary
Middle school Salado Junior High
High school Salado High School
Elementary school district Salado ISD
Middle school district Salado ISD
High school district Salado ISD
Directions From I-35, take Exit 284 toward Salado. Head east on Royal Street. Continue through downtown Salado, and the properties will be on the left.
Standard status Active
APN 208282
Size 2,176 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HOWERTON ADDITION, BLOCK 001, LOT 0002
Legal Description HOWERTON ADDITION, BLOCK 001, LOT 0002

Utilities

Sewer type Septic Tank
Heating system Central
Cooling system Central Air

Building Details

Year built 1983
Floors in Building 1
Number of units 1
Flooring type Laminate, Wood, Tile
Building materials Brick, Masonry
Roof type Shingle, Composition
Architectural style Other
Additional Structures Pergola
Listing Agency: Magnolia Realty
Listed By: Mandi Weller · License #0640656
Added: Jul 29 Changed: Jul 30 Last Checked: Jul 30 at 5:06PM
MLS# 621139

Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This listing offers the opportunity to acquire one or three duplex buildings on Royal Street in Salado. The listing currently covers doors 711/709 Royal Street, and doors 719/717 Royal Street and 725/727 Royal Street are also available, including the option to purchase all three as a package.

Each duplex has two approximately 1,088 SF units, for about 2,176 SF per building. Every unit is configured with two bedrooms, two full bathrooms, a living area with a fireplace, a breakfast area, and a covered patio, supported by a functional layout intended for long-term tenant appeal. Many of the units are currently tenant occupied.

The properties were built in 1983 and feature central heating and central air, along with brick/masonry construction, laminate/wood/tile flooring, shingle/composition roofing, and rain gutters. Sewer service is provided via septic tank. The package is described as having an average estimated 8% cap rate and a consistent rental history; contact for current rent roll, lease information, and additional financial details.

Key Highlights

  • Up to three duplex buildings available on Royal Street (doors 711/709; 719/717; 725/727)
  • Two approximately 1,088 SF units per duplex (approximately 2,176 SF per building)
  • Each unit offers two bedrooms, two full bathrooms, a fireplace, and a covered patio

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38
Businesses Nearby

Demographics for 76571, TX

8,937
Population
3,742
Households
2.4
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
125.0 sq mi
ZIP Area
71
Density / Sq Mi
$103,341
Median Household Income
$55,545
Median Earnings
$1,172
Median Rent
$395,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Each duplex includes two two-bedroom, two-bath units with covered patios and central HVAC.
Where is this duplex located?
The property is located at 709 Royal Street Salado, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Up to three duplex buildings available on Royal Street (doors 711/709; 719/717; 725/727); Two approximately 1,088 SF units per duplex (approximately 2,176 SF per building); Each unit offers two bedrooms, two full bathrooms, a fireplace, and a covered patio
More about this property
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